Chemical Research Report Polyethylene Terephthalate Market | Page 2

PET is biologically inert material, which does not react with any food or beverages and
offers high resistance to micro-organism. For instance, in December 1992, the U.S. Food
and Drug Administration (FDA) announced the use of recycled PET bottles, as safe from
any kind of microbial contamination and reaction with the packed food or beverages.
In 2016, the global polyethylene terephthalate market size was pegged at US$ 26.57
billion (revenue) and 27,749.22 kilo tons (volume), The market is expected to expand at
a CAGR of 9.7% in terms of revenue and 7.6% in terms of volume during the forecast
period.
Regional Insights
In 2016, Asia Pacific, followed by Europe and North America, respectively, accounted for
a major share in terms of revenue and volume, in the global polyethylene terephthalate
market, and the trend is expected to remain the same over the forecast period. In 2016,
the share in terms of volume, held by Asia Pacific was 68.4% and by Europe was 12.5%.
The growing demand for carbonated soft drinks in Asia Pacific due to growing demand for
packaged and ready to eat food coupled with growing population, and infrastructure
development of retail and hospitality sector is expected to drive growth of the global
polyethylene terephthalate market over the forecast period. According to a study
conducted by Coherent Market Insights, the other drink application segment market is
expected to witness a CAGR of 8.8% from 2017 to 2025, in terms of revenue, which in
turn is expected to fuel growth of the global polyethylene terephthalate market.
Multinational players need to tap potential addressable market in the
emerging regions with the help of geographical expansion
Product portfolio expansion and geographical expansion are the key market trends,
which are expected to shape the industry in the near future. Major players in the global
Polyethylene Terephthalate market include Alpek S.A.B de C.V., RTP company, BASF SE,
The Dow Chemicals Company, Jiangsu Sanfangxiang Group, Indorama Ventures, M&G
Chemicals, Nan Ya Plastics Corporation, Far Eastern New Century, and Quadrant AG
among others.
Browse More About the Polyethylene Terephthalate Market Study @
https://www.coherentmarketinsights.com/market-insight/polyethylene-terephthalate-
market-279
Report includes chapters which deeply display the following deliverable about industry:
• Polyethylene Terephthalate Market Research Objective and Assumption
• Polyethylene Terephthalate Market Purview - Report Description, Executive Summary, and